![]() ![]() But if you’re not able to use your card for everything, at least use it in the card’s bonus categories (if applicable). The best way to earn with most rewards cards is to make sure you’re using the card as much as possible for your everyday expenses. Your earnings could also go up by $150 if you factor in the $100 fuel or electric vehicle statement credit and the $50 vehicle detailing allowance. If you redeem your points for gift cards, the point valuation is much lower. Keep in mind that these earnings were calculated using the redemption rate available for putting points toward a certified pre-owned GM vehicle purchase, and this redemption option has a limit of 100,000 points per calendar year. These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which looks at points earned via spending, the sign-up bonus, and the annual fee. The actual value will be determined by how much you spend and in which categories you spend. To calculate these values, we used a point valuation of 1 cent per point. Here's a look at how your points can add up with the My GM Rewards Card. If you want to earn travel rewards and take advantage of helpful travel benefits, check out our page with the best travel credit cards.Įarning and redeeming cash back Potential earnings in years one and two Not a travel card: With no foreign transaction fees and some helpful travel benefits through Mastercard World Elite, the My GM Rewards Card might come off as a travel card, but it’s not.For cards with overall better everyday earning functionality, check out the best rewards credit cards. Limited potential for everyday use: The rewards rate is higher than average, but you likely wouldn’t want to use this card for everyday purchases because you might not have a reliable way to redeem your rewards. ![]() The redemption value for using your points on gift cards is much lower than what you could receive for the other redemption options. Limited redemptions: You’re limited to redeeming your points toward GM-related expenses or on gift cards.You also receive cell phone protection for coverage up to $800 per loss, with a $50 deductible. Mastercard World Elite benefits: Cardholders receive unique benefits, including special offers with Fandango, Lyft, HelloFresh, ShopRunner, and DoorDash, as well as access to Mastercard concierge services.GM redemptions: Redeem your points toward the purchase of a new or certified pre-owned GM vehicle, services, accessories, parts, select OnStar and GM Connected Services plans, and other eligible GM expenses.Vehicle detailing allowance: Receive a $50 allowance per calendar year for vehicle detailing when you use your card to pay for detailing at a participating GM dealer each calendar year.Fuel or electric vehicle statement credit: Activate this offer to receive a $100 statement credit once $1,500 is spent on eligible fuel purchases or six electric bill payments are made in a calendar year.My GM Rewards: Cardmembers automatically receive Gold Tier status (the second-highest membership tier) in the My GM Rewards program.This could be useful if you need a card to make foreign purchases. No foreign transaction fee: Although not a travel card, the My GM Rewards Card has no foreign transaction fees.$0 annual fee: Having a $0 annual fee makes it easier to profit from the rewards you might earn because there’s no annual cost to offset.Rewards earning: Earn 7X points on GM purchases and 4X on all other eligible purchases.Generous welcome offer: Earn 15,000 points after spending $1,000 in the first 3 months.Additionally, getting 0% intro APR on purchases for 12 months from the date of account opening, and then 19.99% to 29.99% (variable), could be useful.Įarn 15,000 points after spending $1,000 in the first 3 monthsħX points on GM purchases and 4X on all other eligible purchasesĠ% intro APR on purchases for 12 months from the date of account opening, and then 19.99% to 29.99% (variable) You would still be limited with how you can use your points, but it could make sense if you have a lot of GM-related expenses. The redemption options are geared toward GM purchases, and that won’t suit everyone.īut if you’re a happy GM vehicle owner or you plan on becoming part of the GM family, this card might be a good fit. If you don’t drive a GM car or aren’t interested in getting a new or pre-owned GM vehicle, this card likely wouldn’t make sense for you. Brands from GM include Cadillac, Chevrolet, GMC, and Buick. This includes the purchase of a new GM vehicle or a certified pre-owned one and eligible services, parts, and accessories. The My GM Rewards Card offers points for all eligible purchases you make, and you can redeem your points for many GM-related expenses. ![]()
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